High ROE & High ROCE Stock: This micro-cap IT company signs MoU with India Accelerator as preferred technology partner!

The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent.

Yudiz Solutions Ltd, a leading digital transformation and technology services provider based in Ahmedabad, has signed an MoU with India Accelerator, the largest startup accelerator in the country, as the preferred technology partner for over 200+ startups associated with the accelerator’s expanding global programmes.

The MoU is aimed at establishing a strategic partnership between Yudiz Solutions and India Accelerator to leverage the former’s expertise in providing technology solutions, consultancy and services to startups and entrepreneurs associated with the latter, promoting innovation, entrepreneurship, and technology-driven solutions in the startup ecosystem, and fostering a collaborative environment that supports the development and growth of early-stage businesses.

Yudiz Solutions and India Accelerator have signed an MoU where Yudiz will offer technical support and discounts to startups in India Accelerator programs. Both parties will jointly market the partnership. India Accelerator, with a strong presence in India, UAE, and Sri Lanka, will connect startups with Yudiz Solutions and promote them as the preferred tech partner. They will also collaborate on events and workshops for the startup community.

Commenting on the strategic partnership, Bharat Patel, Chairman and Director of Yudiz Solutions, said, “We are thrilled to collaborate with India Accelerator as its technology partner. This partnership aligns perfectly with our commitment to empowering startups with the technological tools and support they need. Technology is integral for startups and early-stage businesses and we aim to contribute significantly to their growth and success. The partnership also opens up new growth opportunities for Yudiz Solutions as a company in India and overseas.”

About: The company has a market cap of Rs 174.44 crore. According to the annual results, the net sales increased by 45.43 per cent to Rs 27.3 crore, operating profit increased by 176.5 per cent to Rs 6.09 crore and net profit increased by 271.6 per cent to Rs 2.75 crore in FY23 compared to FY22.

On Wednesday, shares of Yudiz Solutions plunged 0.65 per cent to Rs 169.05 per share with an intraday high of Rs 172.5 and an intraday low of Rs 169. The stock’s 52-week high is Rs 213.8 and its 52-week low is Rs 165.1.

The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.